I've Got My Lease Options: What's the verdict?

[Awaz]

The money factor is very high right now when I asked my dealer told me: 0.00410 which is 9.84% APR. But interest rates on high-yield savings accounts are also high right now, mine is 5% APY.

If I lease the car for three years, then I get interest on the money that I would have otherwise paid to Porsche on day one. I put together a spreadsheet to help me understand lease vs buy cost and for me I estimate the net lease cost will be ~$4,500 more than the cash buy.

I’ve attached the spreadsheet and exported PDF for how I came to this conclusion.

Now I’m weighing whether the benefits of the lease providing me options are worth $4,500. Without Porsche’s $7,500 lease incentive rebate, I would not be leasing.

The question is also can you really get full 5% interest on your savings account?
And also on 5% interest earned, you would be paying tax as well, I presume?
So, I imagine your saving is more than just $4,500 with cash buy

 

[ericf]

The question is also can you really get full 5% interest on your savings account?
And also on 5% interest earned, you would be paying tax as well, I presume?
So, I imagine your saving is more than just $4,500 with cash buy

Currently my savings accounts are paying 5% Interest. Fair point on the earned interest being taxed.